A running shoe manufacturer believes that its supply of faulty running shoes is less than 0.03, the rate deemed acceptable. We perform a hypothesis test at a significance level of 0.05 with the null and alternative hypothesis as follows: Ho: p = 0.03 and Ha:p < 0.03. Choose the statement that best describes the significance level in the context of the hypothesis test. The significance level of 0.05 is X the probability of concluding that the faulty rate is less than 0.03 when in fact the faulty rate is equal to 0.03. the z-statistic that we will use to compare the observed outcome to the null hypothesis. the rate of faulty monitors that we believe is the true rate. the probability of concluding that the faulty rate is equal to 0.03 when in fact it is less than 0.03.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
A running shoe manufacturer believes that its supply of faulty running shoes is less than 0.03, the rate deemed acceptable. We perform a hypothesis test at a significance level of 0.05 with the null and alternative hypothesis as follows: \( H_0: p = 0.03 \) and \( H_a: p < 0.03 \).

Choose the statement that best describes the significance level in the context of the hypothesis test. The significance level of 0.05 is

- ○ the probability of concluding that the faulty rate is less than 0.03 when in fact the faulty rate is equal to 0.03.
- ○ the z-statistic that we will use to compare the observed outcome to the null hypothesis.
- ○ the rate of faulty monitors that we believe is the true rate.
- ○ the probability of concluding that the faulty rate is equal to 0.03 when in fact it is less than 0.03.

The option "the z-statistic that we will use to compare the observed outcome to the null hypothesis" is selected, but it is noted by the red cross as incorrect.
Transcribed Image Text:A running shoe manufacturer believes that its supply of faulty running shoes is less than 0.03, the rate deemed acceptable. We perform a hypothesis test at a significance level of 0.05 with the null and alternative hypothesis as follows: \( H_0: p = 0.03 \) and \( H_a: p < 0.03 \). Choose the statement that best describes the significance level in the context of the hypothesis test. The significance level of 0.05 is - ○ the probability of concluding that the faulty rate is less than 0.03 when in fact the faulty rate is equal to 0.03. - ○ the z-statistic that we will use to compare the observed outcome to the null hypothesis. - ○ the rate of faulty monitors that we believe is the true rate. - ○ the probability of concluding that the faulty rate is equal to 0.03 when in fact it is less than 0.03. The option "the z-statistic that we will use to compare the observed outcome to the null hypothesis" is selected, but it is noted by the red cross as incorrect.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman